When I was talking to a member of my community at one of my recent Big Table events, he asked me: How do you and your partners hit so many home runs? Now, he was obviously talking about “business home runs.” …
Your Real Problem Is Not Time – It’s Energy
Most of you don’t have a time management problem…you have an energy management problem. Let me explain: I recently met a woman at one of my coaching seminars in Calgary who told me the reason why she wasn’t accomplishing more of what she wanted was because she had an issue with time management. I told her, “No, you don’t. I’m so sick of people talking about time management. If one more person tells you to find a better way to balance your schedule, get rid of them.”
Why I HAD To Say NO…
One of my signature mottos is, “Say YES! and figure out how.” I’m known around the world for it… But one of the most important moments in my life was when I said “NO.” I HAD to say no.
Why You Need To Be Around People Who Are Better Than You
Entrepreneurs – do you want to know what’s consistently put me over the top throughout my career?
Surrounding myself with people who are playing a bigger game than me.
One key lesson I learned early that has really skyrocketed my career is the importance of surrounding yourself with bigger, like-minded wealth-builders – if you really want to uplevel your business, it’s crucial to do this.
It’s SO important to get around people who are playing a bigger game than you, people who can show you how to get to the next level, and connect you with those who can bring your idea to life.
The perfect place to do this is the Ultimate Millionaire Summit in this July 29 – August 1 in Lake Tahoe. You can go here for more info:https://UltimateMillionaireSummit.com.
The Ultimate Millionaire Summit is a 4-day intensive, gathering of an international all-star community of entrepreneurs.
I’ll be there along with some of my big-time buddies like Kevin Harrington[Infomercial creator & original Shark Tank investor], Perry Belcher [Digital Marketer co-founder, importer & investor] Glenn Morshower [star actor], Ron LeGrand [real estate investment godfather], Sharon Lechter [best-selling author], plus a bunch of others.
We all come together (along with a few hundred other entrepreneurs) to network, swap the latest million-dollar ideas, add high-level referrals, boost our business academia, & collaborate to explode our businesses even more.
We’re going to have some gold-medal Olympians on hand that’ll show you that what it takes to be an Olympian is not too different from what it takes to be a successful entrepreneur…
Now, before you check out the event, I want to let you know that everyone must apply to attend. Why?
Because we find that the impact, the relationships, the value and the success of our event increases exponentially when we curate the attendees and don’t let just anyone purchase a ticket.
You can learn more & apply here if you think you could benefit from this event:https://ultimatemillionairesummit.com
Everyone has to go through a strict application and screening process. Then our team decides if the event would be a good fit for you, and you for it. Even if you’re not approved, it’ll give you great insight as to what we look for.
Think you’re too small to play with us?
Think again … Look: I wouldn’t post about this if I wasn’t 100% certain this event will benefit you.
So here’s what I want you to know: NONE of us got to where we are today without the courage to risk and to aim for more. Almost every person you’ll stand the chance to meet at the Summit has a story that begins small.
So, don’t settle.
If your business or brand could benefit from this event, apply athttps://ultimatemillionairesummit.com and team will get in contact with you shortly.
Cheers & good luck,
ABOUT THE AUTHOR: Loral Langemeier is a money expert, sought after speaker, entrepreneurial thought leader, and best-selling author of five books who is on a relentless mission to change the conversation about money and empower people around the world to become millionaires.
The CEO and Founder of Live Out Loud, Inc. – a multinational organization — Loral shares her best advice without hesitation or apology. What sets her apart from other wealth experts is her innate ability to hone in on the skills and talents of everyday people to inspire them to generate wealth. She has created, nurtured, and perfected a 3-5 year strategy to make millions for the “Average Jill and Joe.”
To date, the company has served thousands of individuals worldwide and created hundreds of millionaires through wealth building education keynotes, workshops, products, events, programs, and coaching services.
To Learn More About Loral, Go Here: https://liveoutloud.com/about/
To Learn More About The Ultimate Millionaire Summit (July 29 – Aug 1 in Lake Tahoe), Go Here: https://ultimatemillionairesummit.com
My 2015 Commitment webinar – join me tomorrow!
#My2015Commitment tomorrow at 4pm PST…join me! www.liveoutloud.com/my2015commitment
How has your mind been conditioned around wealth?
MY thoughts on your conditioning around money…I’d LOVE to hear your opinions after you read this >>
Did any of those who conditioned your mind teach you the very basics of personal finance? Did they teach you how to balance your checkbook…the proper use of credit and credit cards…basic use of cash management…how to budge and pay your bills…much less even think about teaching you how to invest or put money away so that it compounds for you? If you can answer yes to even one of these questions, you’re in the minority…
The following excerpt perfectly describes the conditioning that most of us were and are still subject to.
“Money comes and goes in your life at different times. Mostly goes, when you’re young. Those are the spent years. Maybe the misspent years. But never mind. As you grow older, the urge to save creeps up on you. Here’s the typical cycle of wealth:
AGES 20 TO 30
You establish credit, buy your first furniture and appliances, take your first auto loan, learn about insurance and taxes. Maybe (here I’m dreaming (you save a little money, in the bank or in company retirement accounts. Retirement accounts are money machines for young people because you have too many years to let them grow untaxed. By the end of the first decade, you get married, have a baby, buy a house. (You save the old fashioned way – by borrowing some of the down-payment from your parents.)
AGES 31 TO 45
You don’t know where your money goes. Bills, bills, bills. College is a freight train headed your way. Maybe (here I’m dreaming again) you start a tuition saving account. Money still dribbles into retirement savings, but only if your company does it for you – buy taking it out of your paycheck before you get to spend it. When you’re pressed, you open a home-equity line and borrow money against your home. This is a good time to start a business or get more education. Invest in yourself and home for a payoff.
AGES 46 TO 55
You do know where your money goes: to good old State U. At the same time, you get the creepy feeling that maybe you won’t live forever. You thrash around. You buy books about financial planning. You have an affair. When all else fails, you start to save.
AGES 56 TO 65
These are the fat years. You’re at the top of your earning power, the kids are gone, the dogs are dead. Twenty percent of your salary can be stocked away – which is lucky because you will need extra money for your children’s down-payments (kids never really go away). Consider long-term care insurance.
AGES 66 TO 75
How golden are these years? As rich as your pension, Social Security, and the income from the money you saved. Start out by living on the first two. Let the income from savings and investments compound for a while, to build a fund for later life.
AGES 76 & UP
Quit saving. Spend, spend, spend! Forget leaving money for your kids-they should have put away more for themselves. Dip into principal and live as comfortably as you deserve. This is what all the years of saving were for.”
Cold calling vs. Inbound marketing
The Internet has brought with it too many advantages to count, especially if you’re a business.
Thanks to the digital age, you can now reach all kinds of customers all over the world. However, this doesn’t mean every company in the world is excited about giving up the standard ways they’ve become accustomed to using to accomplish things. If, like so many, you’ve had a tough time letting go of cold calling tactics, here are some reasons to finally move on to inbound marketing.
For one thing, inbound marketing simply costs less. Studies have shown that in order to get the exact same result, you only have to spend 60% as much on inbound marketing as you do on cold calling. In this economy, that should be enough to get you thinking about making the switch.
Another huge benefit is that it allows your salespeople to do what they’re best at: selling.
Whether this means over the phone or in some digital way, the result is still the same – namely, more sales. The problem with cold calling is you’re taking shots in the dark. Even the world’s best salespeople will come up empty handed the majority of the time when they’re essentially dialing random numbers and hoping for a warm reception.
One of the reasons inbound marketing makes life easier on your sales people is because customers do so much of the heavy lifting for them. Inbound marketing makes it possible for customers to research the products or services beforehand and get acquainted with them well before they ever speak with a salesperson. When they do, that time can be spent answering individual questions or otherwise putting the finishing touches on a successful sale.
Perhaps best of all, inbound marketing is working while you’re fast asleep and your salespeople are away. As it’s a predominantly digital option, you can rest assured that potential customers can access it at any hour, when it’s most convenient for them. So there’s never any real downtime where your marketing is concerned.
Lastly, inbound marketing doesn’t give your company a bad name. It’s not intrusive and annoying like most cold calls are. Considering how many calls an employee could make in a given day, it would be pretty easy for just one bad apple to give your company a worse reputation. Multiply this by however many cold callers you’ve hired, then over the course of a year and your choice should be a simple one. Inbound marketing doesn’t have a bad stigma attached to it for good reason.
So if you’ve been resistant to leaving cold calling in the past, hopefully this will be enough to convince you. Inbound marketing is by far a superior option, no matter how you look at it.
What business would you start if you knew you WOULD NOT fail?
I asked this question on my Facebook about a week ago & got some pretty cool responses. I love asking this question to people I meet at my events, just to gauge their creativeness and open their minds up to endless possibilities!
So…what business would you start if you knew you WOULD NOT fail?
Tell me in the comments section below!
#AskLoral: Can Money Buy Happiness?
Question from Tania:
Loral, I’m always working. ALWAYS working. On my phone, on my laptop, on my iPad. It doesn’t stop. I don’t have a problem with it but my family and friends do. They’re always telling me how I shouldn’t work so hard because “money can’t buy happiness” and I’ll miss out on the finer things in life. I couldn’t disagree more. I’m extremely happy. & a lot of it results from my hard work. But they don’t seem to get it. So my question isn’t on the work aspect, but on if you think money is necessary for happiness. Can money buy happiness?
Answer from Loral:
Funny you bring this up Tania, since the theme at my Alumni 16 event this year is Health, Wealth & Happiness.
I totally agree with you on the working hard all the time deal. I’m “always working” in people’s eyes between travel, meetings, events, speaking, you name it. But it’s not really “work” since I love to do it.
So, onto the happiness.
Some of you will argue that two of things in the theme I mentioned — health and happiness — are necessary to leading an enjoyable life and making the most out of your time on this earth.
While the other thing — wealth — is fleeting. Unnecessary. Trivial.
But, I’d argue that wealth is one of the biggest vehicles to reaching health and happiness.
In fact, money does make you happier:
• You never have to worry about how to pay for something.
• You always feel secure about your finances.
• If your car breaks down, you can fix it or buy a new one.
• If you need to pay for an expensive home repair such as a new roof you will be able to do so.
• Being laid off from your job will not be a reason to worry if you have money.
• Money makes you happier by relieving your financial worries.
And in consequently leads to a healthier life. Money gives you access to medicines, doctors and health care. It also gives you the ability to provide these things for your loved ones — you’ll agree that there’s no better feeling in the world than this.
So, it’s like a math problem: In life, we want health and happiness. So what variable is keeping us from this? Pretty much all of the likely answers can be tied back to money.
Have I hammered this home enough?
Those who say wealth isn’t everything are right. But those who say wealth doesn’t matter are wrong. They need to change their mindset.
Change your outlook on money and it’ll change you and your family’s outlook on life for generations to come.
It starts now!
Good luck, Tania!
Loral answers one question weekly. Have a question you’d like Loral to answer?
Submit your question to AskLoral@gmail.com & your question may be featured!